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UK trade boost from Olympics

The London Olympic and Paralympic Games gave the UK economy a £9.9 billion trade and investment boost, according to a new report. The boost came from businesses securing contract wins, additional sales and new foreign investment in the last year.

The Mayor of London said the country would now "defy the doom-mongers" when it comes to securing a permanent Olympic legacy.

"London is succeeding where virtually no other host city has, on track to secure a solid gold payback on the taxpayers' outlay and a rosy future for the Queen Elizabeth Olympic Park", Mr Johnson added.